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_____ claims that leaders form unique relationships with followers through social interactions.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.
Demand Curves
Graphical representations showing the relationship between the price of a good and the quantity demanded by consumers at those prices.
Supply Curve
A graphical representation showing the relationship between the price of a good or service and the quantity supplied over a given period.
Most Elastic
Refers to the responsiveness of the demand or supply of a good or service to changes in its price, with the most elastic being the most sensitive to price changes.
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